Posted by mtgBrkFla. on December 19, 1999 at 22:27:51:
Try a local mortgage broker. I deal only in Fla. There are quite a few Lenders who will allow collections, and any judgement or liens to stay open w/out the borrower having to pay them off. No these Lenders are not “A paper” Lenders. They are B/C guys. That means a higher interest rate, but that might be better than paying off the above mentioned. If you have good credit you’ll be able to get in at aroung 9% fixed for 3 years then Refi out of it. 9% might sound high when the market rates are aroung 7.75%, but, there is no PMI (mortgage insurance) required on these B/C market loans. So the monthly pmt. may not be all that much more. Hope that helps ! Good Luck.